California gas prices are the highest in the U.S., but there's no proof of price gouging. Here's why. [CBS News]
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Source: CBS News
Instead, a six-month-long CBS News California investigation revealed a complicated reality shaped by state policies, refinery closures, and global supply risks that uniquely impact California's isolated fuel market. What CBS News California Investigates found: $6 per gallon California drivers pay the highest gas prices in the nation. As the conflict in the Middle East increases gas prices globally, California gas continues to be the most expensive in the nation, rising above $6 a gallon. Last time gas hit $6 a gallon in California, Gov. Gavin Newsom began accusing oil companies of price gouging. California's supermajority Democratic legislature held a taxpayer-funded "price gouging" special session, culminating with legislation that was intended to cap oil company profits and force them to open their books. More than two years later, state officials say they found no evidence of illegal price gouging . Instead, two refineries shut down, taking nearly 20% of the state's refi
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CVX
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- 4/7/26 - Form ARS
- 4/7/26 - Form DEFA14A
- CVX's page on the SEC website